ANSWER Bitpaypro doesn't have any license to legally serve as a platform for trading forex and derivatives.Bitpaypro's claim that it is a regulated broker is false. While it purports to be regulated by the Cyprus Securities and Exchange Commission (CySEC), there are no records in the CySEC database matching it. And its assertion about the regulation by UK Financial Conduct Authority (FCA) is also fake, as the FCA has issued a warning against Bitpaypro, identifying it as an unauthorized firm.In an attempt to appear legitimate, Bitpaypro even fabricates an ID number 0350721, allegedly issued by the National Futures Association (NFA). But the truth is there isn't a such number in the NFA BASIC.Additionally, BrokersView wants to remind investors that Bitpaypro used to solicit investors via domain coin-crypto.net, under the trade name Coin Crypto Wallet. Please beware of and steer clear of this scam.Due to its fraudulent activities, we strongly suggest investors stay away from Bitpaypro. Entrusting this broker with your funds and personal information is highly risky, as there are no rules in place to prevent fraud and theft. To safeguard investors' interests, we recommend choosing a fully regulated broker.
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